Nov 9 (Reuters) - Us Residential Fund USR.AX
* Placement to Redhill Partners Pte Ltd and other strategic investors to raise $1 million
* Placement at an issue price of $0.45 per stapled security, which represents a 9% discount to 8 nov 2016 closing price
* James Hyndes will be invited into role of chairman
* Placement and board changes-usr.ax Source text for Eikon: ID:nASX4syg8H Further company coverage: USR.AX